Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Michael Kors (KORS) was initiated with a Buy at Needham while Tapestry (TPR) was initiated with a Hold. 2. Sherwin-Williams (SHW) initiated with a Strong Buy, named a Top Pick at Raymond James. 3. Sucampo (SCMP) initiated with a Buy at Nomura Instinet. 4. Semtech (SMTC) initiated with a Neutral at Piper Jaffray. 5. Mimecast (MIME) initiated with a Buy at Deutsche Bank. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

01/24/18

OPCO

01/24/18NO CHANGETarget $74OPCOOutperform

Michael Kors price target raised to $74 from $62 at Oppenheimer

Oppenheimer analyst Anna Andreeva raised her price target for Michael Kors to $74 from $62 as Retail appears to be stabilizing with promotional pullback coming in better than plan. The analyst adds that spending for core business should begin to roll off while productivity in NA wholesale should also be close to bottoming. Andreeva reiterates an Outperform rating on the shares.

01/30/18

OTRG

01/30/18UPGRADEOTRGPositive

Michael Kors upgraded to Positive from Mixed at OTR Global

02/05/18

ADAM

02/05/18NO CHANGETarget $81ADAMBuy

Michael Kors price target raised to $81 from $67 at Canaccord

Canaccord analyst Camilo Lyon raised his price target on Michael Kors to $81 from $67 ahead of Q3 results. The analyst noted the company's increased traction on its turnaround plan, which he sees providing the potential for more upside. He pointed to a pullback in promotions and an increase in innovation, which could inflect positive in Q4. Lyon reiterated his Buy rating on Michael Kors shares.

Nuance has ceased development this month of the Swype feature for both iOS and Android, six years after it acquired the company behind the keyboard app for roughly $100M, the Verge reports, citing an emailed statement. Nuance said that it would discontinue support of the keyboard app and shift focus to other products, the report says. "The core technology behind Swype will continue to be utilized and improved upon across other Nuance offerings - and integrated into our broader AI-powered solutions - most notably in Android-based keyboard solutions for our automotive customers," the company said, according to the Verge. Reference Link

Baskin-Robbins, a Dunkin' Brands company, announced its continued expansion in the Toronto, Ontario market with the signing of four new store development agreements with three existing franchise groups. The first Baskin-Robbins shop under these new agreements is scheduled to open in 2019. Currently, there are more than 80 Baskin-Robbins locations throughout the greater Toronto area, and growing the brand there remains a top priority for Baskin-Robbins in 2018 and beyond.

Reports Q4 revenue $369.0M, consensus $340.56M. Q4 Adjusted EBITDA was $110.5M for the three months ended December 31, 2017, up 294% sequentially from $28.0M for the three months ended September 30, 2017 and up 691% from $14.0M for the three months ended December 31, 2016.

UP AFTER EARNINGS: Bandwidth (BAND), up 12%... Avis Budget (CAR), up 8.3%... Mindbody (MB), up 8%... SailPoint Technologies (SAIL), up 7.1%... Stamps.com (STMP), up 6.5%... Gulfport Energy (GPOR), up 5.8%... Synopsys (SNPS), up 4.4%... Parsley Energy (PE), up 3.5%... Pandora (P), up 2.5%. ALSO HIGHER: Mellanox Technologies (MLNX), up 10.4% after it updated its first quarter outlook and announced that CFO Jacob Shulman is stepping down. DOWN AFTER EARNINGS: Roku (ROKU), down 22%... Applied Optoelectronics (AAOI), down 12.5%... Stericycle (SRCL), down 9.2%... Castlight Health (CSLT), down 9.1%... Ultra Clean (UCTT), down 8.3%... Trinity Industries (TRN), down 5.6%... Sturm, Ruger (RGR), down 4.9%... CyrusOne (CONE), down 1.7%. ALSO LOWER: Advaxis (ADXS), down 13.2% after it announced a common stock offering... GW Pharmaceuticals (GWPH), down 5.5% after it said that its Phase 2a study of GWP42006 did not meet its primary endpoint... OneMain Holdings (OMF), down 2% after it announced an offering of 4.18M shares of common stock for holders.